Part 2Key concepts

Basis and calculation of levy

F14ABasis on which levy is to be charged

(1)

This section applies where a local authority is seeking to—

(a)

introduce a VL scheme, or

(b)

modify a VL scheme to change the basis on which the levy is to be charged.

(2)

The local authority must determine whether the levy to be charged in respect of each chargeable transaction to which the scheme relates is to be on the basis of either—

(a)

a percentage rate (or percentage rates) set in accordance with section 6, or

(b)

a fixed amount (or fixed amounts) set in accordance with section 6A.